Is 27932, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 27932 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 27932 has remained a Seller's Market.

Key Takeaway

27932 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 27932, NC

How much do homes in 27932, NC cost?

Median Sold Price

$278,500

$173/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$19,000(+7.3%)

Key Takeaway

Homes in 27932 have sold for 7.3% more than they did a year ago.

Summary: The median home sold price in 27932 was $278,500 in November 2024, up 7.3% from last year, and the median price per square foot was $173.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$240K
N/A
2 $185K$161.2K
-12.8%
3 $280K$293.7K
+4.9%
4 $292K$375K
+28.4%
5+ $404.5K$350K
-13.5%

Summary: 27932 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 12.8%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 28.4%, and 5+ bedroom homes decreased by 13.5%.

Median Sold Price Compared To Nearby Zip Codes

27944
+22.0%
27932
+7.3%

Housing Supply in 27932, NC

How many homes are available in 27932, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8988-1.1%

Summary: The 27932 real estate market had 88 homes for sale in November 2024, a 1.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 2015
-25.0%
3 5051
+2.0%
4 1113
+18.2%
5+ 78
+14.3%

Summary: The 27932 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
15150.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 27932, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in 27932 in November 2024, the same as the previous month. Of the 12 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for 27932, NC

How long does it take to sell a home in 27932, NC?

Average Sale Time

Nov 2023Nov 2024CHANGE
79 Days75 Days-5.0%

Summary: Homes in 27932 had an average of 75 days on market in Nov 2024, down by 5% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 27932 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 15 homes were sold in 27932; 47% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in 27932, NC

Nearby Markets to 27932, NC